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'653 East Main Slrec! 

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191^ 







I-KKS.DENT OK THE B „ . R u OK TRADK 

"F THE CITY OF T O R Q x t (> 

I >( ! 2 



Address of 

•Mr. G. T, Somers 

President 

ofthm 

Board of Trade 

oftha 

Cify of Toronto 



tfi 



Annual Meeting 

January 20th 

1913 



-^12^0 






To the Members of the Board of Trade of the 
City of Toronto: 




lENTLEMEN: In lo far at boih Cuada and 
the Board of Trade of the City of Toronto 
are concerned, 1912 vp' go down in the 
archives aa a year of avv-^mpliahment, with 
a predominant note of optimiam that augun 

well for th- future. The Dominion haa begun 

to think and act imperiaUy, and evidence is multiplving 
that Toronto has left behind the provincial spirit and in 
its planning is looking forward to the needs of a city of 
one miUion popuUtion. It falls to my lot, as your re- 
tiring President, to give a review of the past year, but 
I will not attempt more than a brief sketch of the most 
outst-nding events, feeling ^hat you have been kept well 
informed of the a£Fairs of this Board through the columns 
of the "Board of Trade News." 

It is gratifying to note the expansion in the trade of 
Canada during 1912, which has been marked in almost 
every line. This is borne out from the record of trade 
with other countries as indicated in the Custom's returns, 
which approximated $87,576,037, as against $73,312,368 
during 1911 and $61,024,239 in 1910. The excise duties 
for 1912 will amount to about $31,000,000, thus bringing 
the grand total up to $118,000,000, showing th? extensive 
increase in Canada's customs during the past few years. 



[4] 



Z3l)e ^oor6 of ^rad« 



The volume of imports and exports for the year ending 
31st of October totalled almost one billion dollars, as 
compared with $804,000,000 in 1911. 

Significant as these figures are, the fact that our 
domestic trade has increased at an even greater ratio is a 
tribute to our wonderful industrial growth. The products 
of our factories have increased from $481,000,000 in 
1900 to $1,165,975,000 in 1910. The last census returns 
show that in manufactures the capital invested increased 
during the same period from $446,900,000 to $1,247,583,- 
000, and the succeeding two years have added many 
millions to this, as well as a correspondingly large increase 
in the output of these factories. The increase in domestic 
trade is well indicated in thr; enormous increase in bank 
clearings, which this year reached a total of $9,143,000,000, 
as compared with $7,391,000,000 in 1911, as weU as by 
the increase in railway earnings of about $30,000,000 
(the figures being approximately $219,000,000 for 1912, 
against $189,000,000 for 1911.) 

The growth and development of Canada's home market 
is evidenced by the decline in the exports of butter, 
cheese, eggs, and kindred articles, which are now fully 
consumed in this country. The season of 1911-12 was 
marked in the history of the dairying industry in Canada 
as the first since Confederation in which practically no 
butter was exported to Great Britain. As a matter of 
fact, much butter was imported into Canada— some com- 
ing from as far away as New Zealand. This latter, in a 
country like Canada, is not a satisfactory nor a healthy 
condition of affairs, and it is to be hoped that our great 
dairying industry, to which this Province is so magni- 
ficently adapted, will take on greater energy and not 
only make up the present deficiency in home supply, but 
regain its position in exporting. 



of tht (Elty of Toronto 



15] 



Immigration into Canada during 1912 reached nearly 
400,000, while the value of the efiFects and capital brought 
in by these new settlers ran into many milUons of dollars. 
The mineral production in Canada during 1912 was 
slightly in excess of $100,000,000; the value of our forest 
production for that year is estimated at $166,000,000; 
the fisheries for 1912 yielded $34,667,872; field crops 
approximately $509,437,000; the production of our fac- 
tories is estimated to have been $1,462,000,000, and 
these with the other natural returns will serve to give 
some idea of the resources and the development of this 
wonderful country of ours. 

Our public borrowings abroad during the year totalled 
about $175,000,000. Canada has been treated generously 
in London— that great money market of the world. Her 
credit still stands high, a fact that should make us all the 
more zealous to guard it jealously and to do nothing that 
would tend to place it in jeopardy. The total bond issue 
of Canada for 1912 is placed at $230,782,982. 



IJURING a trip which I had the pleasure of making to Conditioni 

the Pacific Coast during the past summer, I was very in the 
much impressed with the growth of our great West and West 
the energy and enterprise of its people. Much has al- 
ready been done in the West, but it is just at the threshold 
of its vast expansion. New lines of railroad, either under 
construction or projected, are destined to open up great 
tracts for settlement, capable of affording homes for the 
teeming thousands of the Old World. One thing which 
struci£ me in the West was that speculation in land was 
being carried to excess, and I cannot too strongly de- 
precate the policy of extended suburban subdividing 



[6] 



'Gkt aoor& ef ^a6 « 

which seems to have gained a foothold there. Great 
areas, far removed from towns and villages, have been 
cut up into building lots and advertised for sale with a 
blare of trumpets hi the East and also in Great Britam 
Such a practice is certain to mjure Canada's standinii 
abroad, and to create a prejudice which may do lasting 
harm. I am pleased to be able to state that many of toe 
Boards of Trade in Western Canada have become seized 
of the fact, and have not only passed condemnatory reso- 
lutions, but have taken active steps to put an end to tiie 

K*dSrfa '^ *° *"°**''* ^^ ^"''"*' ^°" unscrupulous 
It is pleasmg to note tiiat Canada has been singularly 
ftee from industrial disputes, and tiiat the relationship 
between labor and capital seems to be improving, a ten- 
dency being observed to exhaust pacific means before 
havmg recourse to tiie club-like and expensive method- 
the strike. 

Railroad building m Canada during the past year has 
made rapid progress, more tiian 1,100 miles having been 
completed during flie twelvemontii, tiius bringing ihe 
railway nuleage of tiie Dominion up to about 25,500 miles 
The amval at Port Colbome on New Year's Day of tiie 
first freight tram which travelled over tiie Trans-contin- 
entel line, witii wheat from Winnipeg, and tiie departure 
of tiie same train on tiie following day, witii flour ground 
from tiiat wheat, for St. John, N.B. (tiie shipment being 
destined for Soutii Africa), marked anotiier link in tiie 
chiun joining tiie East and tiie West more closely to- 
gether. ■' 

The cities, towns and villages tiiroughout tiie West 
seem prosperous, and business of every character is de- 
veloping much more rapidly tiian even tiie most sanguine 
of us ever anticipated. The territory between Fort 



of t^* <C«Y of Toronto 



I7J 



William and the Pacific is quite capable, in my opinion, of 
taking care of a population of between 45,000,000 and 
50,000,000 people withip n. reasonable period of time, and 
the citizens of Eastern Canada should lend an attentive 
and sympathetic ear to our Western feUow-citizens in 
their complaints as to existing unsatisfactory conditions. 
It seems to me that the adjusting or equalization of freight 
and telegraph rates with those now existing in the East 
should be taken up without further deUy, and I am also 
of the opinion that every encouragement should be given 
to the erection of flour mills in Western Canada, so that 
the wheat could be milled locally, and the ofFal sold to 
the farmers for feeding stock, thus enabling them to 
cany on mixed farming successfully in the West. 



j^PART from either patriotic or sentimental motives. Development 

the attention which the Toronto Board of Trade has of Northern 
paid to the development of Northern Ontario has been Ontario 
mdicated by the best of business reasons; a little fore- 
thought exercised now can make this great principaUty 
tributary to Toronto. With the opening up to settlement 
of that great cUy belt, the conservation and economic 
utilization of its vast timber and water power resources, 
supplemented by the returns from its working mines. 
Northern Ontario is capable of supporting a prosperous 
population of large spending potentiaUties. For a number 
of years the Toronto Board of Trade has urged upon the 
Ontario Government the wisdom of expending much 
larger sums in the development of this wonderful district, 
advocating a poUcy of anticipating setflement, which in 
these days is the truest form of encouraging colonization. 
Eliminating the lure of gold, the way to induce setUers to 



[8) 



Pbe ^oari of 'Crafte 



cast their lot in Northern Ontario is by a policy of providing 
transportation facilities in advance of immigration, and 
I am pleased to record that the Government has recog- 
mzed the wisdom of this course. In August the Ontario 
Associated Boards of Trade, conducted an excursion 
through Northern Ontario. These who took part in that 
excursion were greatly pleased with the possibilities of 
the districts through which they passed, and were de- 
lighted wiUi the hospitality extended to tliem at the 
several towns and villages which they visited. The 
excursion served a two-fold purpose. It acquamted the 
members first-hand with the potential wealth, as well as 
the needs, of Northern Ontario; and at the same time it 
gave to that new district much valuable publicity. 

Coincident with the vote by the Ontario Government 
last session of $5,000,000 to provide for roads, bridges and 
railways and for general colonization purposes, a new era 
seems to have dawned for NorSjem Ontario. Sir James 
Whitney informed a deputation which waited upon him 
later that if the sum voted was not adequate, there would 
be more to follow. The Bill practicaUy gave the Govern- 
ment a free hand in the matter. During 1912 the settlers 
were put to work on the roads in Temiskammg, and under 
the direction of Mr. J. F. Whitson, Government Road 
Commissioner, about $300,000 was expended, principally 
around Cochrane, but also in the better settled districts 
south along the Temiskaming and Northern Ontario 
Railway, around Matheson and Englehart. During the 
season, and notwithstanding the late start, more than 200 
miles of roads were completed, and from fifty to sixty 
miks were partly completed. This is exclusive of the 
large amounts spent in purely colonization roads. Mr 
Whitson is now working on plans for road construction 
m Rainy River Valley, Fort William, Port Arthur and 



of \ht (Clt? of Corenlo 



[9] 



Fort Frances districts, and operations will be started 
as early in the spring as possible, while the work in 
Temiskaming will be carried on as well. The Gov- 
emmeat has yet to decide as to its colonization plans, 
prepared farms, and kindred matters. The work so 
far has been purely road buUding, which, with a steady 
increase in population, is the greatest and most pressing 
need of the North. The Provincial Government has 
granted a Pulp Limit lease to Montreal interests, the in- 
tention of same being to make a market for pulp wood for 
tiie settiers and thus avoid tiie heavy freight rates caused 
by long hauls. It is stated that large pulp mills are to be 
erected, and later on, u so directed by tiie Government, 
paper mills are also to be added. 

Another company, composed of Michigan and Ontario 
capitalists, has secured from tiie Government two town- 
ships on the line of tiie Trans-continental railway. They 
have erected temporary miUs, and have promised to erect 
permanent mills for tiie manufacture of various kinds of 
wood work. They undertake to buy timber from tiie 
settiers in the district at prices to be approved of by tiie 
Minister of Lands, and to colonize tiie townships ac- 
quired. 

I understand that negotiations are also in progress 
with other parties to acquire two townships north of Sault 
Ste. Marie. They plan to use the wood in various ways 
and to make their industries permanent by reforestation. 

For the provincial year ending Oct. 31st, 1912, the 
Departinent of Agriculhire sent in to Nortiiem Ontario 
1,372 people for tiie actual settiement of 211,369 acres of 
land. This seems to be a very disappointing number, 
and it is to be earnestly hoped tiiat tiie Government will 
devote itself to a more aggressive policy along the lines of 




•^ 



[10] 



'G\tt ^oard of "GrcAt 



settling this vast territory with a class of citizens who will 
make good Ca n adians and become a valuable asset to 
the province hereafter. I am further satisfied that the 
citizens of Ontario will heartily support the Government 
in any reasonable expenditure in the settling and develop- 
ment of Northern Ontario. 

The mineral record of Northern Ontario for 1912 is 
phenomenal. Cobalt mined 30,000,000 ounces of silver, 
wrrth approximately $17,690,000. The disbursements by 
Cobalt mines in 1912 continued at a high rate, the total 
declarations and payments during the year being $7,450,- 
194. This wonderful camp has now passed the experi- 
mental stage, and has also been largely removed from the 
manipulations of the speculator and the wildcatter. It 
now resolves itself into a business proposition of minin g 
and producing the ore, and the reserves seem to indicate 
that Cobalt will long be numbered as among the greatest 
of the world's silver-producing camps. 

Despite the strike which retarded operations in the 
Porf^upine District, that new gold camp produced close 
to two milliops of dollars during 1912, and it is estimated 
from the showings at the mines and the operations of 
seven mills that in 1913 the gold yield will be from five 
to six millions. The nickel mines near Sudbury con- 
tinued to supply fully 70 per cent, of the world's nickel in 
1912. The opening up of large iron deposits throughout 
the North Country, and the occurrence of mineral wealth 
in many areas as yet hardly prospected, together with the 
splendid agricultural possibiUHes of its soil, augur well 
for the future of this vast territory, known as " Ontario's 
Hinterland." 



of tb« (Clt; of Toronto 



[111 



1*HE success which has so far attended the propaganda of The 

the Toronto Board of Trade in respect to the question Question of 
of Good Roads is a matter for sincere gratification. This Good Roads 
is a subject which strikes at the very root of the afc^'icul- 
tural prosperity of Ontario, and, in a wider sense, of the 
Dominion. I have no hesitation in declaring that when 
this problem is properly solved it will go a long way 
i.<vards stopping the exodus of young people from the 
farms. Those of you who are familiar with conditions 
throughout rural Ontario are aware that for a number of 
months in the year fanners are placed in a position of 
practical isolation by the almost impassable state of the 
country roads, thus nullifying considerably the good 
work of the rural telephone, and rendering social inter- 
course difficult, and in many cases almost impossible. I 
regret also to be obliged to say that in too many districts, 
at the very periods when the country roads should be at 
their best for drivijig purposes, whatever joy is to be de- 
rived from that pastime is ^dly marred by the unsightly 
barricades of gravel and loose stones, indiscriminately 
dumped upon the roads by that ill-judged co-operative 
system of pioneer days, statute, or better-termed "stupid" 
labor. The Toron' Board of Trade has approached this 
subject in no provincial spirit. The Good Roads Com- 
mittee, with Mr. W. G. Trethewey as chairman, in memor- 
ializing the Dominion Government, made it clear that any 
subsidy from the Dominion Government for the purpose 
of highway 'onstruction and maintenance should be 
ear-marked, 'For the purpose of Highway Construction 
and Maintenance," such grant to be made for roads that 
are used by aU vehicles, and that the roads should be 
constructed from plans agreed upon by the Dominion and 



112) 



C^e ^oard of Cro6« 



Provincial Governments. It wu further recommended 
that subsidies to the Provinces for Road Construction 
should be made in proportion to population. The basis 
thus laid down and the policy of this city in working in 
harmony with the county and township authorities of York, 
in the improvement of the highways leading into Toronto, 
should commend itself to every citizen. I feel that a 
start has been made, and that the seed so indi- triously 
sown by this Board and kindred organizations will blossom 
and bear fruit abundantly. Toronto has voted a further 
grant of $100,000 in helping along the movement, and the 
County of York has given assurance that it will supple- 
ment this by a sum of similar proportions. Already an 
agitation is on foot looking to the construction of a paved 
road from Torc^to to Hamilton, a scheme which the muni- 
cipalities regard with favor, and which requires only an 
adequate grant from the local Legislature to riake it an 
assured fact. The fact that the farmers along the pro- 
posed highway have accepted with enthusiasm the 
project and the consequent taxation which it involves, is a 
hopeful sign that the need for good roads is at last in a 
fair way of becoming generally recognized. During 1912 
the expenditure on coimtry roads constructed in Ontario 
reached three-quarters of a million, or $150,000 more 
than during 1911. At least $250,000 of this was spent 
upon the York County system. The City of Toronto and 
the County of York can point to the indisputable fact that 
they have blazed the way in the direction of a movement 
that should make for the added prosperity of the 
Dominion. 



of tk* <Cttr of I3oronto 



[131 



AN excellent barometer of trade conditions, not to 
mention general intelligence, is to be found in the postal 
revenue of a community, and in this particular Toronto 
stands paramount among the cities of Canada — I might 
indeed say, in a class by herself. Great as were the re- 
turns from the Toronto Post Office in 1911, yielding 
$1,963,065 to the exchequer of the Dominion, the revenue 
for 1912 far overtops it, being placed at $2,217,704. This 
shows that letter writing is becoming more and more a 
habit with the citizens of the Queen City, and calls in no 
uncertain tones to the Postmaster-General to give to 
Toronto that measure of recognition which its revenue- 
producing abUities, apart from its importance as a com- 
mercial centre, demand. I do not wish to appear cen- 
sorious, but in the matter of postal equipment this city 
might well be placed in the archives of the postal depart- 
ment as third-class matter 

It is true that at our greiU banquet in the Arene, the 
Postmaster-General, Hon. Philippe Pelleti<;r, promised 
relief; but our needs are not only great, they are urgent. 
Although the business of T'oronto Post Office has more 
than trebled in the past decade, the equip, nent has not 
progressed in anything like the same ratio. 

Apart from the inconvenience and worry experienced 
by the congestion engendered at the Toronto Post Office 
by the rush of holiday mail matter, the monetary loss to 
business men by delayed letters during this period was 
necessarily great. I have no doubt that, like myself, 
many of you were obliged to make free use of the tele- 
graph lines to ensure the service that the breakdown :n 
the postal department denied you. The fact of the 
matter is that the postal equipment of Toronto is not 



The 

Toronto 
Post Office 



114] 



d)« !ftoard of Cra6« 



sufficient to cope with the growing businesi under normal 
conditions, and any slight excess of matter strains the 
system to the brealiing point. Toronto has waited pa- 
tiently all these years, and is now fully entitled to prompt 
redress. Give us a Post Office worthy of the city and 
adequate to the demands cf its business. To the Hon. 
Mr. Pelletier and the Government I would say, "Act 
promptly." 



Ontario THE second annual convention of the Ontario Asso- 
Associated ciated Boards of Trade amply justified the predictions 
Boards of made at the first gathering that this organization would 
Trade continue to grow in interest lud usefulness. Sessions 

were held in the City Hall, ioronto, on Feb. 22nd and 
23rd, and the subjects dealt with covered a wide range. 
Especial stress was placed on the needs of Northern 
Ontario, and suggestions were made for the settlement of 
that rich hinterland. The questions dealt with comprised 
the improvement of the waterways and harbors of On- 
tario. This wotild ir .'olve chiefly the immediate con- 
struction of a larger aad better Welland Canal, providing 
for a canal system of not less than 30 feet in deptii, to link 
the Great Lakes through the St. Lawrence with ocean 
commerce and permit ocean steamers to reach the prin- 
cipal harbors of Ontario without breaking bulk. Refer- 
ence was made to the revenue possibilities which would 
be created by the utilization of the Hydro-Eleccrical 
power such canal construction would render available. 
The convention also approved of the French River Im- 
provement scheme, sounded a note of warning agaiust 
the granting of any further power privileges along the 
international boundary line, and entered a strong protest 



of tiK Cxtf of Z3oronle 



(lol 



againit Chicago's application to be allowed to divert 
more water from Lake Michigan down the Chicago 
Drainage Canal, such diversion being regarded as a 
serious menace to marine interests. In this protest, 
through the Government at Ottawa, I an* -^leased to say 
your Board was successful, as noted by uie recent judg- 
ment given by the authorities at Washington, in which 
Chicago was refused the privilege asked for. 

It may be of interest to the members to know that 
72,500,000 tons of freight passed through the "Soo" 
Canals during 1912 in a season of eight months, while the 
total tonnage of the Suez Canal for the year 1911 was only 
18^24,794 tons for a period of twelve months. 



FOR some years the Toronto Board of Trade has real- Deepening 
ized that the improvement of the Welland Canal was a of Welland 
matter of urgency, and that to make the work effective Canal 
the reconstruction of this essential marine gateway must 
be prosecuted with vigor in order to reap the full advantage 
of the expenditure involved. It was pointed out in the 
resolution sent to Ottawa by this Board that "Every year 
of delay means probably (. permanent settling of trade in 
other channels and diversion from the natural waterway 
across the Continent of trafSc which should pass through 
Canadian channels, building up Canadian ports and en- 
riching Canadian communities." The Toronto Board of 
Trade voiced its protest when only a preliminary appro- 
priation was made towards the project by the Federal 
Government for 1912. The resolution of the Toronto 
Board adopted on March 28th and telegraphed to the 
Prime Minister, Rt. Hon. Mr. Borden, brought an assur- 
ance from Hon. Mr. Cochrane, Minister of Railways and 



116) 



"Gh* ^oarA of "GtaU 



Ctnali, that there would be no delay in starting or com- 
pleting the work on the new Welland Canal and that the 
necessary money would be provided to prosecute the work 
of construction, when the detail- nd plans were a^'eed 
upon. The progress made s« s satisfactory, and it 
appears certain that an adequate appropriation for the 
Welland Canal will be made at this session of the 
Dominion Parliament. 



ROTABLE achievement of the Toronto Board of Trade 
the history-making banquet tendered to the Prime 



Banquet to 

Rt. Hon. 

R. L Borden Ministei A Canada on his return from his trip to the Old 
Land, where he not only won laurels in England, but in 
France as well, being acclaimed in Paris with an almost 
equal enthusiasm to that wnich greeted him in London. 
On the occasion of the banquet, as your presiding officer, 
I took occasion to ezj^ess the satisfaction of the members 
of the Board at the bearing of the Prime Minister while 
in confe. -nee with the Home Government at Westminster. 
While Mr. Borden was precluded from setting forth his 
policy in re«pect to Imperial Defence, his utterance carried 
assurance that it would be along lines in keeping with 
flie wishes and dignity of Canada. The banquet to Mr. 
Borden will take rank as the largest of its kind ever 
attempted by any public body in Canada, and the fact 
that it was carried out to such a successful issue, with- 
out the slightest appearance of confusion, is about <he 
highe t tribute that could be paid to the efficiency of 
those who had charge of the arrangements. Rou^^y 
speaking, 1,500 diners were accommodated, while about 
7,000 spectators, many of them ladies, were provided 
with seats in the spacious amphitheatre. In addition to 



tfi 



of ll>« City of 73erento 



|17| 



the polished address of the Prime Minister, highly accept- 
able speeches were delivered by Sir James Whitney, 
Mr. N. W. RoweU, K.C., M.P.P. ; Hon. Mr. PeUetier, Post- 
master-General; Hon. Mr. White, Minister of Finance; 
Hon. Geo. E. Foster, Minister of Trade and Commerce; 
Hon. A F. Kemp, M.P., and Mr. J. E. Atkinson. Despite 
the number of brilliant speeches, it is to be especially 
noted that the banquet was concluded at ten minutes past 
eleven, in direct contrast to many similar dinners, which 
frequently drag their weary length into the hours of the 
following morning. 

A dinner was also given by the Board of Trade and 
the Canadian Manufacturers' Association to the repre- 
sentatives of the West Indies Governments on April 
10th, at which the stamp of approval was placed on an 
inter-preferential trade arrangement between Canada and 
the West Indies. On this occasion Hon. Mr. Foster 
deliver <id one of those memorable speeches for which he 
is famous, pointing out clearly the benefits boimi to 
accrue to the parties entering upon the treaty. He was 
ably followed by Hon. Dr. Reid, who praised the entente 
that had been reached. The committee having the 
banquet in charge comprise \ Messrs. W. P. Gundy, G. 
Frank Beer, W. K. George, E. Holt Gumey, Samuel 
Harris, the Secretuy, with myself as Chairman. 



THE welcome accorded the Canadian representatives The British 

at the sessions of the Chambers of Commerce of the Imperial 

Empire, held in London, England, last June, was of the Councils of 

warmest character. The fact that Toronto was selected Commerce 
as the place of meeting for the Ninth Congress of the 
Chambers of Commerce of the Empire, to be held in 



(18] 



'C^« %oar6 of 73ra&« 



June, 1915, was the truest form of appreciation which 
could be shown, and an implied compliment of the high 
standing of this city and country in the minds of British 
business men the world over. I feel certain that the 
meeting to be held here in 1915 will do much to further 
bind the links of Empire, and will undoubtedly prove of 
incalculable VcJue to Canada. 

The Toronto Board of Trade was represented at that 
Congress by Messrs. W. P. Gundy, 2nd Vice-President; 
W. F. Cockshutt, M.P.; Edmund Bristol, K.C., M.P.; 
J. C. Douglas, J. D. Ivey, and F. G. Morley, Secretary, and 
the wannest praise which could be bestowed upon their 
efforts is the fact that they succeeded in having Toronto 
selected as the nert meeting-place for the Congress. More 
than 130 Chambers of Commerce or Boards of Trade with- 
in the British Empire were represented, testifying to the 
importance of this world-wide organization. Matters of 
the greatest moment, respecting the commercial relations 
between the Mother Country, her Dominions and De- 
pendencies, were considered, comprising such subjects 
as Telegraphic Communications between all parts of the 
Empire, All-Red Mail Route, British Empire Trade Marks, 
the Declaration of London, National Defence, Panama 
Canal, Commercial Arbitration, Emigration, and Remedies 
for Labor Disputes. Important resolutions were sub- 
mitted by the Toronto Board of Trade. Chief among these 
was one proposed by Mr. Cockshutt, having to do with 
the commercial relations between the Mother Country 
and the Dominions and Dependencies, followed by one 
relating to telegraphic communication between all parts 
of the Empire, and both of which were carried almost 
unanimc^isly. 



'^^~^*^ 



of t^ft (Clt; of Toronto 



(191 



In inviting this important Congress to Toronto, the 
Board of Trade has assumed a heavy responsibility, but 
I feel quite sure that this will be met in a way to reflect 
credit not only upon the Board, but upon the city and 
upon the country as a whole. 



AN October 26th, at a joint luncheon provided by the Relations 

Board of Trade and the Canadian Manufacturers' As- with 
sociation in honor of the German Trade Delegates visiting Germany 
Canada, evidence was fiumished that Germany was fully 
aware of the growing importance of Canada as a con- 
suming country, and that she was anxious to extend her 
trade relations with us. Dr. Stresemann, President of the 
German-Canadian Economic Association (a society formed 
in Germany for the promotion of trade relations between 
Canada and that country), was a guest of honor. He 
outlined the desire of his country for friendly intercourse 
and a fair exchange of products. He had no complaint 
to make against the British Preferential Tariff, but he 
wished that Germany should be placed upon the same 
footing as other foreign nations in the matter of trade 
with Canada. The doctor declared that there was no 
hostile feeling entertained in Germany, either towards 
England or Canada. He spoke as a member of the 
German Parliament for five years. He maintained that 
all that was lacking for a mutual increase of an exchange 
of products between Canada and Germany was the 
establishment of closer and more friendly relations be- 
tween the business men of both countries. Mr. R. S. 
Gourlay, Vice-President of the Canadian Manufactiirers' 
Association, in replying, cordially thanked Dr. Stresemann 
and his colleague, Dr. Hammann, for the thought that 



[20] 



^b< ^oar& of "GrabA 



inspired the pilgrimage, and assured them that Canadians 
entertained none but the most cordial feelings for Ger- 
mans, and appreciated highly the message of fraternal 
good fellowship and peace which the delegates had 
brought. 

On the evening of this banquet, it so happened that 
Mr. W. K. George, your treasurer, and myself, were 
being banquetted by the Chamber of Commerce in Berlin, 
that banquet being attended by many of the prominent 
financial and business men and statesmen of Berlin. I 
am pleased to inform you that expressions of the best 
and kindliest feelings were made by all regarding Canada, 
and more particularly the Toronto Hoard of Trade. The 
industrial growth of Germany was to us certainly very 
striking, and I would much like if many of our business 
men could see for themselves what has been accom- 
plished by that nation through their technical and indus- 
trial education. 



Several ^R. Herbert Langlois, as a delegate from the Toronto 

Important Board of Trade, attended the Lake Mohonk Peace 

Conferences Conference held on May 15, 16 and 17, and his report 

indicated that the Canadian representatives gave a good 

account of themselves on that occasion. 

Another gathering to which reference should be made 
is that of the National City Planning Conference, held 
in Boston from May 27th to 29th, at which this Board 
was represented by Messrs. W. G. MacKendrick and 
James C. Formar They returned with much valuable 
information, whicii was duly imparted to the members, 
convincing them that city planning is bot a fad, but 
practical and necessary, and something that Toronto 
should adopt. 



■~\ 



of t^ft City of Toronto 



[21 j 



The fifth International Congress of the Chambers of 
Commerce, held in Boston from September 23rd to 26th, 
proved to be a very notable gathering, some 800 delegates 
bemg in attendance from practically every civilized nation 
of the world. Matters of great importance to industrial 
and commercial mterests were discussed and considered, 
and the accumulative efifects in promoting better under- 
standing between nations cannot help but prove far- 
reaching. The delegates to the Congress from your 
Board were Messrs. W. J. Gage and W. G. MacKendrick, 
who, on their return, submitted a report of deep mterest 
and value. 



DURING kst summer a party of British manufacturers. Visit of 
more than fifty in number and representing a combined BrftisK 
capital of one hundred and forty million dollars, made a Manufacturers 
tour of Canada, going from coast to coast. The party 
spent June 18th and 19th in Toronto, and was entertained 
by a joint committee of the Board of Trade and the 
Canadian Manufacturers' Association. The importance 
of having such an influential deputation gain a favorable 
unpression, not only of Toronto, but of Canada, cannot 
be over-estimated. The visitors expressed themselves as 
much pleased with tiieir reception, and were amazed at 
tiie status of Toronto as a business community. 



f HE steady extension of Toronto in flie past twenty The 

years shows tiiat tiiis city has built on a sound f ounda- Extension of 
tion. Our population has passed tiie 450,000 mark (the esti- Toronto 
mated population bemg 470,000), and it is rapidly nearing 
half a million people, During 1912 tiie building permits 



[22] 



73^* ^doar6 of "Grab*. 



in Toronto amounted to $27,401,761, or $3,000,000 in 
excess of 1911 (about two-thirds the actual expenditure). 
The buildings comprised 86 factories, 66 warehouses, 383 
stores and 5,675 dwellings. As in former years, Toronto 
still stands at the top of the Canadian list in the matter 
of building permits, with its record of $27,401,761, next 
in order coming Winnipeg, with $20,475,350; Calgary, 
$20,394,220; Montreal, $19,641,955; and Vancouver, 
$19,428,432. Among the cities nearer home are Hamil- 
ton, $5,491,800; Ottawa. $3,621,850; Brantford, 
$1,167,105; and London, $1,136,108. 

The postal returns for the fiscal year 1912 are quite 
illuminating from a comparative standpoint, the gross 
revenue collected at the Toronto Post Office Department 
being $2,217,704.91, as against $1,963,065 in 1911; the 
next city nearest being Montreal, whose revenue in 1912 
is placed at $1,281,900.48. 

The Toronto bank clearings tell a very gratifying 
story, amounting to $2,160,229,476 in 1912, an increase of 
$307,831,871 over 1911. Toronto stands at the head of 
all the cities of Canada as a banking centre, nine of the 
twenty-five chartered banks of the Dominion having their 
head offices in this city, with an aggregate authorized 
capital of $72,000,000. In addition, there are five trust 
companies, with a paid-up capital of about $5,000,000, 
three of which practically conduct a banking business. 
There are about seventy-six insurance companies con- 
ducting business in Toronto, and of the number approxi- 
mately twenty-five have their head offices here. 

The Customs revenue collected in Toronto during 1912 
tota'Jed $19,307,727.68, as against $7,044,026 ten years 
ago. 

The area of the city of Toronto is 33.09 square miles, 
an increase of 16.20 square miles in five years. The 






,iy-as£:&^ 



of tl)e (C«y of X3oronto 



[23J 



total assessment of the city is placed at $344,835,115. an 
increase over the previous year of $35,688,062; while the 
property exempt from assessment is valued at $45,764 033 
The number of passengers carried by the Toronto Street 
Railway dunng the year is placed at 132,000,000, while 
the eammgs reached $5,373,874.65. 

Did time permit I might dweU on Toronto's importance 
as a wholesale distributing centre. Its standing inmanu- 
facturmg, as shown by the last census, is certainly re- 
markable. The value of the products of the Toronto 
factoneo m 1910 was $155,245,915, while that of Montreal 
for the same period was $166,296,972, or litUe more 
^ $11,000,000 below Montreal, as compared with a 
di^erence of nearly $23,000,000 in 1890, thus demon- 
strating that the time is near at hand, with the expansion 
now m progress, when Toronto will take the premier 
position. I might also speak of the leading place Toronto 
occupies as an educational centre, with its fine system 
of colleges and schools, complete from the kindergarten 
to the University, the latter, with its 4,000 students, con- 
stituting ,t the largest University in the British Empire. 
Our place as a musical centre is also of an outstanding 
character, one of our musical coUeges, the Toronto Con- 
servatory of Music, having over 2,000 enroUed students. 

V ..-K-!: ^""''^ ^^° "'^' *° ^^ Canadian National 
Exhibition, so weU and favorably known, not onlv in 
Canacte, but m other parts of the British Empire, as well 
as m foreign countries, and I feel satisfied we may look 
upon It as one of our best advertising mediums, not only 
for Toronto, but for the whole of the Dominion Its 
success last season was of an even more phenomenal 
character than that which has distinguished it for a 
number of years past, and the gathering together of 
detachments of cadets from aU parts of the British Empire 



■Aig'v.:*.. 



(24] 



^bft ^oard of "Grabt. 



was, to my mind, a splendid Imperial undertaldng. This 
Exhibition is acknowledged to be the largest annual 
exhibition in the world, and its continued success is a 
great compliment to the energetic Secretary-Manager, 
Dr. J. O. Orr, and the Beard of public-spirited Directors 
who have so ably seconded his efforts. 

Of its beautiful homes, of the attractions it offers to 
the tourist, and of the opportunities presented for the 
laborer and the artisan, as well as for the capitalist, much 
might be said. I think I have said enough to indicate 
that our present position is sound and our future bright 
with promise. The fact that at the last municipal elec- 
tion $13,000,000 were voted without a murmur for civic 
betterments is an evidence that the ratepayers have faith 
in Toronto's futtue development. 

Toronto stands in a commanding position in respect to 
the distribution of white coal from Niagara Falls, being 
served by both the Hydro Power Commission and the 
Toronto Power Company. The boon of cheap electrical 
power, with competition, has done much to make for the 
industrial development of our city. 



Death of 
Judge Mabee 



|N the death of Judge Mabee, Chairman of the Board 
of Railway Commissioners of Canada, in May last, 
an outstanding figure has been removed. In the re- 
solution adopted by the Board of Trade, his demise 
was fittingly referred to as "a national loss of the 
gravest character, coming at a period when problems 
of such importance to the business interests of the 
country still remain unsolved." Despite his long 
legal training, he, as Chairman of the Railway Board, 
remamed unfettered by precedent, and made equity the 



of *ht <EltF of Coronto 



(25] 



ruling Idea in aU his decisions. Possessed of a wide 
vision and a keen and well-cultivated mind, he adjudi- 
cated m matters of moment with an eye smgle to the 
future welfare of the country. His fearless honesty ^d 
unpatience of anything savoring of red tape or 'egal 
qmbbhng made him an ideal presiding officer. He was 
quick to grasp a point and action followed, indecision not 
bemg one of his characteristics. Approachable, patient 
to a degree, and always open to conviction, an untiring 
worker with a grasp of the essentials, his untimely re- 
moval cut off a great man in the performance of a great 
mission. ^ 



^FTER several years of strenuous campaigning in favor Viaducl and 

of grade separation, the Toronto Board ofTrade ha. 1 1 Harbor 
a measure reaped the reward of its labors in the adoption Improveme,... 
by the Dommion RaUway Commission of the viaduct pro- 
posal for this city. While it is true that the railways have 
placed every obstacle in the way of the carrying out of 
this plan, I feel that in the appeal they are now malcing 
at Ottawa they have reached the end of their resources 
and are making a last stand. The proposal of the rail- 
ways to substitute bridges in place of the viaduct ordered 
by the late Chairman Mabee, of the Railway Board, is 
one which, in the best interests of the city, was fought at 
every point, and in the fact of Judge Mabee's declaration 
and belief, "That if bridges were erected now, it would 
be necessary within ten years to tear them down and 
buUd a viaduct," the proposal was one that I felt quite 
confident would not be seriously entertained by the 
Government. 



■^^W"^':-- 



J^ 



126] 



Z3b* ^dear6 of "Grab* 



THE compreheniive plans for harbor improvement, so 
ably outlined to the Board of Trade on November 15th 
by Mr. R. S. Gourlay, are dependent for their success 
upon the construction of the viaduct. The building of 
bridges, as proposed by the railways, would go a long 
way towards nullifying the scheme. The magnificent 
plans prepared by the Harbor Commission will not only 
make for civic beautiflcation, but will add enormously to 
the industrial and commercial development of Toronto, 
as the reclamation of the Ashbridge's Bay district will 
render available 644 acres for factory sites, with the best 
of shipping facilities, both rail and water. The scheme 
will also give the city a splendid boulevard, stretching 
from the Woodbine westward through twelve miles of 
park land to the Humber, besides increasing the area of 
park lands along the water front by some 900 acres. It 
is for this reason that the members of the Toronto Board 
feel so strongly on the question of the railway viaduct, 
as the two schemes are practically interrelated. 



Hijh School X^^ ^^ School of Commerce and Finance has ah-eady 



of 

Commerce 
and 
Finance 



more than justified the predictions made for it by the 
Toronto Board of Trade, the members of which early 
recognized the need of such an institution to fit the youth 
of the city for commercial careers. Courses in account- 
ancy, stenography and general business comprise the 
work of the school, which is now crowded to capacity, 
evincing the pressing need of haste with the new building. 
More than three himdred pupils are attending the day 
classes, while six himdred are registered in the evening 
classes. In addition to the support accorded and the 
interest exhibited by the members of the Board in the 



«fJU tf^ltr of ^roRte 



[27] 



welfwe and future of the High School of Commerce and 
Finance, Messrs. T. D. Bailey, Thos. Bradshaw, H. D. 
Lockhart-Gordon and Chas. Marriott (Chairman), ap- 
pointed by this Board to act with four members of the 
Board of Education upon an advisory committee of the 
institution, have devoted much of their time in directing 
its management. I feel assured that as time goes on, the 
members of the Toronto Board of Trade wiU be in a 
position to look to this school for qualified assistants in 
the executive and selling departments of their offices, 
factories and warehouses. To stimulate the work of the 
school, the Toronto Board of Trade presented prizes, 
which were awarded at the commencement exercises held 
on November 29th, to Reginald Longstaflfe and Ivy 
PanneU, of the first year, and Gladys SeweU and Fred. 
Hamilton, of the second year. 



pOR many years the Toronto Board of Trade has urged Technical 
the growing need in Toronto for the adoption of an ade- Education 
quate system of technical education, and now these hopes 
are about to be realized. The city stands pledged to 
the erection of a proper building that, when completed 
and equipped, wiU cost considerably more than one 
million dollars. The importance of such training to the 
industrial life of the city cannot be over-estimated, and 
in this connection I cannot refrain from expressing a 
word of appreciation of the eflforts of one of our past- 
presidents, Mr. J. D. Allan, who has not only given un- 
sparingly of his time, but of his ripe knowledge and ex- 
perience, in bringing this matter to fruition. The sugges- 
tions of the Technical and Commercial Education Com- 
mittee, contained in the report signed by Mr. Allan and 



i 



I2S1 



^h< ^oard of Z3ra^ 



submitted to the Board, I have no doubt proved of great 
value to the Advisory Industrial Committee of the Board 
of Education in the planning of the Technical School. 
In my opinion the Board of Education have been very for- 
tunate in securing the services of so able and well qualified 
a principal as Dr. MacKay, and I suicerely hope that there 
will be no further delay in the construction of buildings 
so much needed. I feel satisfied that the citizens of 
Toronto will support the Trustees in any aiditional ex- 
penditure that may be necessary to promptly build and 
properly equip premises of a suitable character in which 
to satisfactorily carry on the excellent work so much 
needed in our city. The call of the ratepayers is, "Trus- 
tees, lurry up." 

I believe Toronto requires a substantial structure 
with sufficient available space in which may be taught 
and demonstrated the application of physics to machinery, 
to steaui, -s gas, and to electrical engineering. Space is 
also renuiied for demonstration by the various local in- 
dustries necessitating the application of chemistry, and 
for further development along the lines of printing, 
painting, moulding, and thus fitting the student thoroughly 
or special fields of work. 



Conference XHE luncheons and meetings of the Conference Com- 
Committee of mittee of One Hundred, of the Toronto Board of Trade, 
One Hundred imder the able chairmanship of Lt.-Col. Brock, have 
proved of deep interest and value, and its artivities are 
certain to redound to the general good of the city. Among 
the subjects discussed have been the Housing Problem, 
Commission Government, Federal Square Project, High 
Cost of Living, Bloor Street Viaduct, Panama Canal, The 



...-•*^'' 



of th* Cirr of Coronto 



[2fll 



Humber Boulevard, etc. The reports of the High Cost 
of Living have received wide publicity and have been 
provocative of discussions that have brought forth many 
valuable suggestions. Two able addresses w«re de- 
livered before the committee, one by Mr. Z. A. Lash, 
K.C., on "Newcomers to Canada," and the other by 
Commissioner J. E. Starr on "The Economics of the 
Juvenile Court." It can be truly said that the Conference 
Committee of One Hundred has more than justified its 
existence and the predictions made by its founders. 



QURING the year a new denartment has been added to Traffic 

the Board's activities in the interests of Traffic and Department 
Transportatiun, under the management of Mr. Thos. 
Marshall. The Department was organized in July, and 
has since participated in the adjustment of several im- 
portant matters pertaining to railway and express traffic 
on behalf of the members of the Board. It has become 
necessary that an organization of the size and importance 
of the Toronto Board of TraJe maintain such a Depart- 
ment, whereby the interests of its members can be 
protected. 

Some of the more important matters now receiving 
attention by the Department are: — 

A proposed revision of the minimum weights for 
carload shipments. 

Car demurrage charges and penalties. 

Railway delays to freight traffic. 

Adjustment of various ratings and rules in the Cana- 
dian Freight Classification. 



I 



1801 



Xb^ 2dear6 of JifU 



Allowances from track icale weighti. 

Intertwitchinc of carload traffic in terminali. 

LoM to ihippera and coniigneet through pUferaget. 

Proposed adrance in rates on lumber, carloads, from 
▼ai!'>us Southern United States points. 

Through service for less than carload freight. 

Regulations for the transportation of dangerous ar- 
ticles o^er tilian explosives. 

Effect of the Panama Canal Act upon Canadian trade. 



H»mUttkip THE membership campaign, which began on October 

Canivtisn i4th, was short, sharp, and decisive. In the five days 

the several captains succeeded in adding 512 new names 
to tiie roll of membership, which is now nearly 3,000. 
The thanks of the Board are due Mr. W. M. Douglas, the 
Chairman, and his assistants, who so ably handled same. 



AN June 28th, at a luncheon attended by about 100 
members of the Board, the retirement of 3/ix. John F. 



Pr«MAUtion» to 
Mr. John f. Ellis 

Mr. R. s. Courity ^^ ^^^ active work on the Executive was marked by 
the presentation of a cabinet of silver to that gentleman, 
in recognition of his untiring and able services on behalf 
of the Board. On the same occasion a similar gift was 
made to Mr. R. S. Gourlay, to mark appreciation of his 
efforts during the time he held the office of President. 



of t^ ««r of Toronto 



(311 



y HERE ire nuny matteri that come hefore the Preil- Board of Trade 

dent end the CouncU of the Toront'. Board of Trade Executive. 
calling for time and careful coniideration that do not Secretary' 
come to the attention of the pubUc, and, in many cases, and Staff, 
to the notice of the members of the Board, but that are 
nevertheless necessary to the success of the organization. 
The help and encouragement and the kindly consideration 
I, as your President, have received during my incumbency 
of the office, by the executive officers with which the 
Board surrounded me, made the work of the year pleasant 
and profitable to me, and it now comes in the nature of a 
wrench to break away from those congenial ties. On 
every hand I have met with wise counsel and forethought, 
and the best of consideration. I can assure my colleagues 
that I am deeply sensible of their efforts, which have 
contributed in no small degree to whatever I was able 
to accomplish for the Board during my tenure of office. 

My thanks are also due to our painstaking and efficient 
Secretary, Mr. F. G. Morley, who seems to possess that 
happy faculty of anticipating the needs of the officers, and 
to his assistant, Mr. F. D. Tolchard; also to Mr. Thos. 
Marshall, Manager of the Traffic Department, and their 
courteous and faithful staff. 

All of which is respectfully submitted. 




fi-T-^t-^^^?^ 



President. 



WORK OF THE BOARD OF TRADE FOR 1912 
IN TABLOID. 

Encouraged Good Roads Movement. 

Worked for the Improvement of the Welland Canal. 

Supported Harbor Commission scheme. 

Advocated Viaduct. 

Protested against sale of St. James Square. 

Dealt with High Cost of Living problem. 

Favored Parcel Post system. 

Favored Tax Reform. 

Appointed Traffic Expert and organized Department. 

Favored Technical School plans. 

Assisted High School of Commerce and Finance. 

Dealt with Housing Problem, Commission Govenmient, 
Federal Square. 

Advocated Bloor Street Viaduct in accepted form. 

Sounded note of warning respecting reckless real estate 
speculation. 

Fought for widening and extension of Teraulay Street. 

Dealt with Panama Canal question. 

Sent representatives to many important conferences. 

Secured for Toronto next Congress of Chambers of Com- 
merce of Empire. 

Entertained British Manufacturers. 

Banquetted Rt. Hon. Mr. Borden on his return from 
Britain. 

Conducted important Membership Campaign.